INTERNATIONAL

Big Picture

CBDCs Present Central Banks with Risk-Benefit Trade-off: Fitch

By Sanday Chongo Kabange | 20/05/2021

The potential for funds to move quickly into CBDC accounts could cause credit strains in some banks and push up interest rates.

Market Infrastructure

ICMA Publishes ‘Success Criteria’ for Sustainable Finance Taxonomies

By Editors | 20/05/2021

ICMA compares the main features and methodologies of official taxonomies and provides five success criteria for use in benchmarking.

ESG / Sustainability

CFA Institute Proposes Harmonised ESG Disclosures for Funds

By ESG Investor | 20/05/2021

An exposure draft from CFA Institute outlines a proposed disclosure framework for ESG-focused investment products.

AML / KYC

Proliferation Financing Risk: A Due Diligence Challenge

By Manesh Samtani | 19/05/2021

Measures for detecting proliferation financing risk are designed to help identify sanctions evasion and uncover the beneficial owners of corporate entities.

Big Picture

Conduct Risk Management Shifts to ‘Predict and Prevent’ Approach

By Manesh Samtani | 18/05/2021

In its annual Compendium on culture and conduct risk supervision, Starling highlights a shift from ‘detect and correct’ to ‘predict and prevent’.

Market Infrastructure

Credit Sensitive Alternatives to RFRs Have Limited Durability: Bailey

By Manesh Samtani | 17/05/2021

Non-financial borrowers may not want their cost of borrowing to be driven by thin liquidity in CP and CD markets, says BOE governor Andrew Bailey.

ESG / Sustainability

COP Presidency Calls for Ambitious Climate Commitments

By Editors | 16/05/2021

Private financial institutions are encouraged to join a net zero alliance, publish transition plans, phase out of coal, and commit to nature-positive finance.

Big Picture

SWIFT, Accenture Explore Real-world Implications of CBDCs

By Sanday Chongo Kabange | 13/05/2021

SWIFT is planning trials in the coming months to explore how its platform could interact with CBDCs in cross-border payments.

Capital / Liquidity

Resolution Authorities Should Have Operational Independence: BIS

By Ranamita Chakraborty | 12/05/2021

The institutional location of the resolution function is commonly the central bank, prudential supervisor or deposit insurer. This decision often entails trade-offs.